Contractors must be licensed in most states. The first step in obtaining a contractor’s license is recognizing requirements that may include a background check, training or education requirements and ability to obtain a surety bond.
Three Tools for Proactive Risk Management: Contracts, Fluent Dialogue and Change Management
Risk management is much more than insurance. A prudent construction executive will utilize the following three strategies for proactively managing risk and protecting the company’s right to payment.
Managing Design-Build Risks From Design Through Construction
Design-build projects come with additional risks. Adherence to the contract and documentation guidelines can minimize risk and increase the success and profitability of the project.
Avoid Payment Bond Claims With These Six Tips
Payment bond claims are one of the most common, costliest and potentially most disruptive actions that can be brought against a contractor.
The World of Wrap-Ups and How Contractors Can Benefit
Before considering wrap-up insurance on a project, ask about benefits and risks, clarify misconceptions and know the keys to a successful wrap-up.
Captive Insurance: A Viable Strategy to Reduce Costs
Captives can save money, but contractors need to be aware of compliance and funding requirements, and IRS regulations. Consider costs, risks and benefits to ensure that a establishing a captive is a viable strategy.
Firming in the Construction Insurance Market
As the insurance sector starts to firm, contractors can address risk factors with strong risk controls to prevent and mitigate risk.
The Dangers of Design Delegation: Identifying and Avoiding or Shifting the Risk
When project owners delegate design responsibilities to contractors, it creates significant risk. Contractors must understand and know how to shift risk to insurers, subcontractors and design consultants.












